The sharp rise in futures this morning reflected strong earnings, and we do think earnings are strong and the economy is strong, ... It is a possible that if earnings keep coming in strong that there will be a reconnect with the markets and corporate performance.
More Quotes from Timothy Ghriskey:
The benign inflation data and the belief that the Fed may be closer to the end than had previously been thought has helped the market this week.Timothy Ghriskey
Oil is certainly dominating the market right now. Yesterday, crude moved above 60 but then pulled back by the close. Today you didn't see that.
Timothy Ghriskey
I think it's important for investors to be cautious there -- probably take some of that money off and search for new values in the market, ... Spread out your investments, because if you stay in what has been hot, invariably there will be a correction.
Timothy Ghriskey
They are saying the economy is going to slow and that there's no inflation but that we still need to raise rates. Investment professionals worry that the Fed will go too far and grind the economy into a recession.
Timothy Ghriskey
I think any time OPEC meets it has an impact, although OPEC doesn't have the same effect on the stock market it once did,
Timothy Ghriskey
I think today is a day of portfolio window dressing, with asset managers making sure they don't have cash sitting around for the end of the year, which tends to be favorable for stocks.
Timothy Ghriskey
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